RIYADH: Saudi Arabia’s Central Department of Statistics released the following April consumer price data on Tuesday, showing consumer prices dropping year-on-year for a fourth straight month. In January, inflation turned negative for the first time in over a decade.
Food and beverage prices fell 2.6 percent from a year earlier in April, partly because of a strong U.S. dollar, to which the Saudi riyal is pegged, compared to year-earlier levels. Prices of housing and utilities rose 0.5 percent but transport costs dropped 2.2 percent.
